Dentsply Sirona Q3 net loss $266M; lowers FY23 guidance; appoints Brian Gladden to board

DENTSPLY SIRONA Inc.

2023-Q3 EPS reported -$0.94 revenue$2,953,000,000

Q3 net sales flat at $947M, organic sales -0.3%; GAAP net loss $266M ($1.25/share) including $302M impairment.
Adjusted EPS $0.49, up 19.6% YoY; adjusted EBITDA margin 18.2% vs 17.5% a year ago.
FY23 guidance lowered: organic sales growth to ~1% from ~3%; adjusted EPS to $1.80–$1.85 from $1.92–$2.02.
Brian Gladden appointed to Board effective Jan 1, 2024, replacing retiring director Harry Kraemer Jr.
Company plans $150M share repurchase in Q4 2023.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Harry M. Jansen Kraemer Jr.

Director

XRAY · DENTSPLY SIRONA Inc.

Effective: 2023-12-31
Successor: Brian Gladden
Filed: November 2, 2023, 7:59 PM ET

the vacancy from Mr. Harry M. Jansen Kraemer Jr.’s retirement on December 31, 2023

Appointed

Brian Gladden

Director

XRAY · DENTSPLY SIRONA Inc.

Effective: 2024-01-01
Successor: Harry M. Jansen Kraemer Jr.
Filed: November 2, 2023, 7:59 PM ET

On October 31, 2023, the Company appointed Mr. Brian Gladden to the Board of Directors of the Company (the “Board”), effective January 1, 2024 to fill the vacancy from Mr. Harry M. Jansen Kraemer Jr.’s retirement on December 31, 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DENTSPLY SIRONA Inc. reported the third quarter ended September 30, 2023 results: revenue $947 million, net income ($266) million, or ($1.25) per share. Guidance lowered.

Period: the third quarter ended September 30, 2023
Revenue: $947 million
Net income: ($266) million, or ($1.25) per share
Guidance: lowered
Result: reported results

Exact text from the filing

A copy of the Company's press release is being furnished as Exhibit 99.1 hereto. --- EX-99.1 (EX-99.1) --- Dentsply Sirona Reports Third Quarter 2023 Results • Net sales of $947 million were flat year-over-year, organic sales decreased (0.3%) • GAAP gross margin of 52.2%, GAAP net loss of ($266) million or ($1.25) per share • Adjusted EBITDA margin of 18.2%,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Harry M. Jansen Kraemer Jr. retired as Director at DENTSPLY SIRONA Inc..

Action: retired
Role: Director

Exact text from the filing

the vacancy from Mr. Harry M. Jansen Kraemer Jr.’s retirement on December 31, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Gladden was appointed as Director at DENTSPLY SIRONA Inc..

Action: appointed
Role: Director

Exact text from the filing

On October 31, 2023, the Company appointed Mr. Brian Gladden to the Board of Directors of the Company (the “Board”), effective January 1, 2024 to fill the vacancy from Mr. Harry M. Jansen Kraemer Jr.’s retirement on December 31, 2023

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

DENTSPLY SIRONA Inc. filing history →

Source: SEC EDGAR

accession 0000818479-23-000081

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